Building Details

Year Built 1973

Listing Agency: Dyad Real Estate and Property Management

Listed By: Bryan Jones Show Phone

Source: Grayfoxrealty

Added: Jul 20 Changed: Oct 8 Last Checked: Oct 7 at 4:52PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dyad Real Estate and Property Management

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Investment Insights

Based on property information with market context.

This duplex contains two residential units, each arranged with two bedrooms and one bathroom. The property provides 1,849 square feet of building area and was constructed in 1973, offering a straightforward configuration for residential leasing.

Located at 69 Carolane Dr in Jackson, Tennessee, the property is described as being near shopping, restaurants, schools, and major roadways. Both units feature functional floor plans and living areas suited to everyday residential use. The two-unit layout creates a compact multifamily asset with separately occupied residences.

Key Highlights

• Two‑unit duplex with 1,849 square feet of building area
• Each unit includes 2 bedrooms and 1 bathroom
• Built in 1973

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,200

Cap Rate

5.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$204,000 $204.0K

Cap Rate 7%

$145,714 $145.7K

Cap Rate 9%

$113,333 $113.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,849 SF

Gross rent

$15.8K $8.52/SF

− Vacancy

−$1.2K −$0.64/SF

EGI

$14.6K $7.88/SF

− OpEx

−$4.4K −$2.36/SF

NOI

$10.2K $5.52/SF

Area

Madison County, TN

Vacancy

7.50%

Lease Rate

$8.52 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$204,000

Cap Rate 7%

$145,714

Cap Rate 9%

$113,333

Alternative Uses

Best Use

Multifamily LT 5

$145.7K

$127.5K – $170.0K (±1% cap)

NOI $10,200 @ 7.0% cap · market cap 5.10%

Second Best

Apartment 5plus

$136.5K

$119.4K – $159.2K (±1% cap)

NOI $9,554 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$380.7K

$333.2K – $444.2K (±1% cap)

NOI $26,652 @ 7.0% cap · market cap 13.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Pharmacy Restaurant Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

398

Businesses Nearby

Explore this area Business Placement

Demographics for 38305, TN

52,686

Population

22,950

Households

2.3

Avg Household Size

40

Median Age

32%

College-Educated

94%

High-School Grad

128.0 sq mi

ZIP Area

412

Density / Sq Mi

$66,292

Median Household Income

$37,416

Median Earnings

$1,201

Median Rent

$221,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer matching bedroom and bath layouts in a low-maintenance rental configuration.

Where is this duplex located?

The property is located at 69 Carolane Dr Jackson, TN.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two‑unit duplex with 1,849 square feet of building area; Each unit includes 2 bedrooms and 1 bathroom; Built in 1973